Ch. 498                                     1993 LAWS OF MARYLAND

1.       The county share for the previous fiscal year divided by the
total assessed valuation of real property in the supporting county or region is greater than
or equal to the statewide median; and

2.       The per capita wealth of the supporting county or region is
less than 80% of the statewide per capita wealth or the total assessed valuation of real
property in the supporting county or region is less than $1,000,000,000.

(ii) The wealth factor component shall be determined by dividing and
distributing equally among eligible boards 1/2% of the total State operating fund.

(iii) For purposes of this section, per capita wealth is wealth divided by
population.

(iv) In determining the eligibility of a board for a wealth factor
component, the wealth, population, and assessed valuation of real property of the
supporting counties shall be considered in the aggregate as a region.

(8)     (i) Any portion of the total State operating fund not distributed as
direct grants shall be available for challenge grants.

(ii) The purpose of the challenge grant component is to address
statewide initiatives and economic development needs.

(iii) The challenge grants shall be distributed in amounts determined
by the State Board for Community Colleges to eligible boards based upon criteria
developed by the Maryland Higher Education Commission and the Department of
Economic and Employment Development.

(9)     Any employer social security contributions required by federal law for
any employee of a board of community college trustees shall remain the obligation of the
employer.

(10)   The State contribution to retirement and fringe benefit costs is not
included in the calculations of amounts under this subsection.

(c) In each fiscal year, in order for a board to receive an increase in the State
share of support, [each county] THE COUNTY SHARE, IN THE AGGREGATE, that
supports the community college or colleges shall [provide] EQUAL OR EXCEED THE
COUNTY SHARE AGGREGATE AMOUNT OF operating fund appropriations MADE to the
board [in an amount not less than] BY the county OR ALL OF THE COUNTIES
SUPPORTING THE COLLEGE [provided] in the previous fiscal year.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall apply to fiscal
years beginning on or after July I, 1994.

SECTION 2. 3. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 1993.

Approved May 27, 1993.

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